Skip To Content

979 W Laurel St

San Diego, CA 92101
  • $1,699,000
  • STATUS: ACTIVE
  • ON SITE: 56 Days
  • ID#: 220029505
UPDATED: 20 min ago
$1,699,000
  • 2
    BEDS
  • 0.02
    ACRES
  • 3
    BATHS
  • 1
    1/2 BATHS
Type:
Multi-Family
County:

School Ratings & Info

Description

One of the most beautiful and most interesting properties in Little Italy. This property is a Live/Work DETACHED property w/your own lot andNO HOA in the middle of Little Italy. Currently being operated as two Airbnb's bringing in over 11k/month BUT can also operate as a business downstairs and long/short term rental upstairs. The studio/office is approx 400 sq ft, the garage is approx 200 sq ft, and the upstairs 2 bed/2.5bath is approx 1600 sq ft. Current owner remodeled the entire structure from top to bottom. It can operate as one unit OR independently. Rent out the garage for more income. Or live upstairs and work downstairs and cut your commute. Ask LA about all the potential advantages that come with this type of project.

Monthly Payment Calculator

San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/135328315
Print Image

979 W Laurel St San Diego, CA 92101

  • Price: $1,699,000
  • Status: ACTIVE
  • On Site: 56 Days
  • Updated: 20 min ago
  • ID#: 220029505
2
Beds
3
Baths
1
½ Baths
0.02
Acres
Neighborhood:
San Diego Downtown (92101)
County:
San Diego
Area:
San Diego Downtown (92101)
Property Description
One of the most beautiful and most interesting properties in Little Italy. This property is a Live/Work DETACHED property w/your own lot andNO HOA in the middle of Little Italy. Currently being operated as two Airbnb's bringing in over 11k/month BUT can also operate as a business downstairs and long/short term rental upstairs. The studio/office is approx 400 sq ft, the garage is approx 200 sq ft, and the upstairs 2 bed/2.5bath is approx 1600 sq ft. Current owner remodeled the entire structure from top to bottom. It can operate as one unit OR independently. Rent out the garage for more income. Or live upstairs and work downstairs and cut your commute. Ask LA about all the potential advantages that come with this type of project.
Exterior Features

Construction BlockDrywallFrame Exterior Wood DeckRemarks Parking Garages Parking Spaces Total 1 Roof Tar & Gravel Units With Garages 1

Interior Features

Cooling Central Forced Air ElecWall/Window Floor Coverings TileVinyl Floors Other/Remarks Heating Central Forced Air ElecWall Laundry Owned Sq Ft Of Improvement 2100 Stories 3 Story Unit Furnished1 Yes Unit Furnished2 Yes Units With Dishwashers 1 Units With Disposals 1 Units With Drapes 2 Units With Ranges 1 Units With Refrigerators 2

Property Features

Actual Cap Rate 5.5 Actual Gross Scheduled Income 132000.0 Actual Operating Expense 33000 Assumable Finance 0 Buildings 1 Existing Financing Clear Financial Information Source Owner Gross Equity 0 Gross Multiplier 51 Have Multi Use Units Mandatory Remarks None Known Market Area Metro Central Monthly Rent Total 11000 Motive Want Sell Short Sale No Sq Ft Source Owner Terms CashSubmit Unit Number1 1 Unit Number2 1 Unit Rent Total1 3500 Unit Rent Total2 7500 Unit Rent1 3500 Unit Rent2 7500 Unit Type 2 On A LotDuplexFree Standing Zoning Commercial

San Diego MLS logo Listing provided courtesy of Big Block Realty, Inc.: [IDXCONTACTINFORMATION]. Listing information © 2023 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_1_220029505-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_1_220029505-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_1_220029505-2.jpg
Logo
The Neuman Team Real Estate Inc.
516 5th Avenue
San Diego CA, 92101